Business   

HDFC posts Rs. 2,712 cr. net

MUMBAI: Private sector lender Housing Development Finance Corporation on Wednesday said it had posted a net profit of Rs. 2,712.19 crore for the year ended March 31, 2008, excluding Rs. 293 crore it earned through derivative exposure. The PAT for the year is 54.74 per cent higher than the last fiscal when it earned Rs. 1,741.98 crore. Income from operations stood at Rs. 8,036.42 crore against Rs. 5,458.98 crore a year ago.

The board has recommended a dividend of Rs. 25 per share.

Loan approvals went up by 28 per cent in the reporting year, HDFC Vice Chairman Keki Mistry told reporters.

During the year, approvals aggregated to Rs. 42,520 crore compared to Rs. 33,332 crore a year ago. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

UTI AMC submits bid to handle PF corpus
RCom Q4 net profit up 47%
New price index by year-end
Sensex down 91 points ahead of FED meet
Trent buys out Hemu’s stake in Landmark
Dr. Reddy’s to buy BASF’s U.S. facility
ABN AMRO launches ‘Go Card’
HDFC posts Rs. 2,712 cr. net
MMTC to host festival of gold
Kamath is new CII President
Exchange Rates
Bullion Rates

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu